 Home > Chemicals Industry > New Chemical Materials > September 22 aluminum market noon review

September 22 aluminum market noon review

 Last Update: 2022-12-23
 Source: Internet
 Author: User

Tags

gas welding aluminum

what foods aluminum

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Aluminum market afternoon comment: The US stock market fell sharply, and London aluminum closed down $13 under pressure overnight; The profits of domestic downstream processing enterprises have been squeezed, and the State Reserve Bureau said that the next round of reserve dumping suppressed market sentiment, and aluminum may rise or fall limited
.

Aluminum City

Supply problems continue to support aluminum prices, and aluminum prices trend is strong
.
During the holiday, London aluminum accumulated a decline of 0.
7%, opening higher at $
2,859 today.
It is expected that Shanghai aluminum may open slightly lower with the external market to around
22400.
Insufficient supply, optimistic market sentiment, strong trend of aluminum aluminum, Shanghai aluminum adjustment may end, the middle line is still expected to continue to fluctuate
upward.
Upper pressure 25000, lower support 21000
.

Fears of supply-side contraction continue to grow.

Guangxi reduced the output of electrolytic aluminum and alumina in September, and the production limit was further upgraded on Friday; Xinjiang Changji has asked for output to start restricting in August, but the rest of Xinjiang has temporarily unlimited production; Qinghai has not yet given a specific restriction policy
.
Aluminum companies in Yunnan turned to resume production, but energy consumption control established the upper limit of electrolytic aluminum production, overall, short-term in the profit market after the concentration of settlement, Shanghai aluminum around 22,000 to get support, the Federal Reserve interest rate meeting is approaching, macro sentiment is weak, the aluminum price is suppressed, after the macro sentiment is released, aluminum prices are expected to resume the upward trend
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.